Amazon has announced the completion of its acquisition of movie and TV studio MGM. The purchase of MGM for $8.45 billion was announced back in May 2021 but required regulatory scrutany before being completed. European Union antitrust officials gave the purchase unconditionally approval this week and the Federal Trade Commission had until the middle of this month to challenge the acquisition, which it did not. The purchase of MGM adds over 4,000 films and 17,000 TV episodes to Amazon’s content library, which includes franchises such as James Bond, Rocky, Robocop, and Stargate. Amazon held true to its word to still release the latest James Bond film in theaters, as opposed to making it a Prime Video exclusive, but has not commented on the rest of the acquired content catalog.

The rumors were true. Amazon has announced the acquisition of MGM for $8.45 billion. Assuming regulators allow the deal to go through, Amazon will own MGM’s library of content which includes around 4,000 films and 17,000 hours of TV shows. MGM franchises that will soon be owned by Amazon include 12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many others. The deal isn’t just about acquiring rights to existing content because Amazon says they will “empower MGM to continue to do what they do best: great storytelling,” so, it seems like MGM will continue to release new movies and shows under Amazon’s ownership. Read more ›